CoinVoice has recently learned that, according to data from Kaiko Research, the price of Ethereum (ETH) recently reached an annual high of $4000. Although it briefly outperformed Bitcoin (BTC) after the US elections, ETH has yet to test its historical high of around $5000 from 2021.
However, last weekend the ETH price stabilized around $4000, indicating that it may be poised to test a new price range. The rise in ETH price coincides with a resurgence of market interest in ETH ETFs, which set a historic record for fund inflows last week. Institutional investors have shown significant interest in ETH and are optimistic about potential returns in 2025.
In addition, changes in the leadership of the U.S. Securities and Exchange Commission (SEC) could further drive market demand, with ETH likely to be a significant beneficiary of this change. [Original link]
